News From Press Sector Watch: AMCs seek parity between ULIPs, equity mutual funds from Budget 2024

Sector Watch: AMCs seek parity between ULIPs, equity mutual funds from Budget 2024

Source: Moneycontrol 9 hours ago

The mutual fund industry is hoping that Budget 2024 will address the disparity in tax treatment between equity mutual funds and Unit Linked Insurance Plans (ULIPs). Additionally, the industry is also seeking a level playing field between foreign portfolio investors (FPIs) and foreign investors investing in Indian AIFs.

Finance Minister Nirmala Sitharaman will announce the Budget for FY24-25 on July 23.

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